India Microelectromechanical Systems (MEMS) Markets, Forecast & Opportunities, FY2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "India Microelectromechanical Systems (MEMS) Market, By Product Type, By Material (Silicon, Polymers, Metals, Ceramics), By Application (Consumer Electronics, Automotive, Others), By Region, Forecast & Opportunities, FY2027" report has been added to ResearchAndMarkets.com's offering.
India Microelectromechanical Systems (MEMS) market is anticipated to witness significant CAGR during the forecast period on account of thriving healthcare, automation and consumer electronics industry.
The country is witnessing increasing adoption of consumer electronic devices like wearable devices, tablets, and smart phones, which require MEMS technology.
Moreover, growing penetration of Internet of Things (IoT) and high usage of MEMS technology in medical devices like respiratory disorder diagnostic equipment and laparoscopic devices are some key factors propelling the growth of India Microelectromechanical Systems (MEMS) market. Also, with increasing adoption of MEMS technology in automotive vertical for vehicle security and airbag systems, the market is poised to grow further in the coming years.
Microelectromechanical Systems (MEMS) technologies poses the ability to communicate easily with semiconductor chips. This is why, there is a shift in focus of electronics industry from traditional sensors to MEMS technology.
Additionally, this technology is also finding increasing application in sensor manufacturing owing to their low power consumption, high precision and small size. Manufacturers are introducing new MEMS-based sensors for various applications to increase their market share in India.
India Microelectromechanical Systems (MEMS) market can be segmented based on product type, material, application, and region. Based on application, the market is segmented into consumer electronics, automotive, industrial, aerospace & defense, healthcare, telecommunication and others.
Among them, the inertial combo sensors are anticipated to possess high demand during the forecast period owing to their growing demand from automotive sector. They are highly used in devices like accelerometer, gyroscope and magnetometer.
Leading market players are undertaking growth strategies like expansion of product portfolio and mergers & acquisitions.
Major companies operating in India Microelectromechanical Systems (MEMS) market include
- Panasonic India Pvt Ltd
- Honeywell International India Pvt Ltd
- GE India Industrial Pvt Ltd
- STMicroelectronics Pvt Ltd
- Analog Devices India Pvt Ltd
- Murata Electronics (India) Ltd.
- NXP Semiconductors India Private Limited.
- Denso India Ltd
- Bosch Limited
- Panasonic India Private Limited
Years considered for this report:
- Historical Years: FY2017-FY2020
- Base Year: FY2021
- Estimated Year: FY2022
- Forecast Period: FY2023-FY2027
India Microelectromechanical Systems (MEMS) Market, By Product Type
- Inertial Sensor
- Combo Sensor
- Pressure Sensor
- Optical Sensor
India Microelectromechanical Systems (MEMS) Market, By Material
India Microelectromechanical Systems (MEMS) Market, By Application
- Consumer Electronics
- Aerospace & Defense
India Microelectromechanical Systems (MEMS) Market, By Region
- North India
- South India
- East India
- West India
For more information about this report visit https://www.researchandmarkets.com/r/eaqld0
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